Featured in Upstream: Hitting the Brakes
24 Nov 2020
Hitting the brakes: Smart system takes aim at energy consumption and emissions
AI-optimised rod lift consumes less electricity, resulting in lower emissions
Modern-day cloud computing and artificial intelligence tools are helping an oil and gas industry icon — the pump jack — consume less energy and, in turn, reduce greenhouse gas emissions.
There are approximately 2 million oil wells in operation worldwide, while more than 1 million wells use some type of artificial lift.
In the US, there are more than 350,000 wells that use sucker-rod pumps or “pump jacks” as a form of artificial lift to obtain higher rates of production, according to the Society of Petroleum Engineers.